Besides public sector jobs, the micro, small, and medium enterprise (MSME) sector is deemed crucial in ensuring women’s economic participation in Armenia. Notwithstanding this, women MSMEs comprised only 32% of the registered MSMEs in 2012. This low ratio was attributable to women’s lack of business skills, knowledge, confidence, and access to networks and credit.
At project preparation in 2012, women and rural small businesses in Uzbekistan had limited access to credit, restricting their growth and capacity to become more efficient and profitable, and thus contribute more fully to overall economic growth and development. While this was largely due to small businesses’ inability to meet high collateral requirements, weak institutional capacity especiall
Sindh is the second most populous province in Pakistan. In 2006, it had a total 38 million people, nearly half of whom lived in the urban areas. Karachi and Hyderabad, the province’s two largest cities, accounted for about 70% of the urban population.
The macroeconomic environment in Nepal became upbeat, as peace set in after a decade−long conflict. Gross domestic product grew by 4.7% in 2008. Poverty incidence fell from 42% in 1996 to 31% in 2004. Nevertheless, until subprogram 2 preparation in 2009, severe poverty had persisted in various parts of the country and economic growth had been uneven.